The Equilibrium, a key to success!

1st setup live thank Bionics

Hello thisara1,

I am very happy that everything worked out and that the attitude works. Your result shows that you can derive valuable information from it.

Greetings and nice evening

Hi Bionics

I don't know what to say, but your thread is very overwhelming, a lot of advance knowledge, i don't know if i can get it or not. But i'll try to study your teaching here.

Thank you

Hello phoenix777,

Thank you very much for your kind words. It's just a matter of time and perseverance. Unfortunately, there are some dealers they give up too early if it does not work immediately and look for a simpler system. But the trade is a big challenge and you can only do it if you stay tuned. If you do not give up and build up a lot of practical knowledge, the market will eventually prove you right. I keep my fingers crossed.

best regards

Thank You for your supporting comment.
Yeah i will study all of material here.
And hope it will give huge impact to my trading skill.

Hi Bionics, if you have free time, can you watch the video below, and tell me your opinion? It's interesting topic about 10.000 hours screen time.
Thanks a lot..

Hapanoy, only indicator is momentum candles. See the paper clip at top of this thread for it. Set the high/low to a wide range number, say 150 or 200 pips and see what it shows. Experiment. Base it on multiples of ADR for example so you customize it for each pair

Hello phoenix777,

very interesting, I believe that you can learn a lot in 20 hours if you want it. Since I can play the guitar, I know that there is a small difference to the trader. If something goes wrong when playing the guitar, a wrong sound comes out, that's all. If something goes wrong while trading, your house your car and the guitar are gone.

You do not need 10,000 hours to learn trading, but it takes you 10,000 hours to become a master. From apprentice to journeyman the way is easy, but from journeyman to master is a challenge. Learning is mostly about sustainability and that unfortunately takes time. Whether that must always be exactly 10,000 hours, I doubt it, but it's all about an average bill.

It actually took me so long, but maybe I'm a late bloomer. I think the trader's profession is very demanding, as can be seen by the fact that more than 90% lose their money. Being a trader is something special and we can be proud to be there.

best regards

Trust yourself the most


Hello dear subscribers,

If you are still relatively new to the Forex market or have not yet found your right system, I would like to give you some tips today. I would like to concentrate on the traders who are already full-time in the trade or want to become full-time traders in the long term.

The fact that they are at FF clearly shows that they still want to learn or have to learn. Incidentally, that's the case with me as well. I'm not at FF to prove I'm a great guy, but to explain to myself why I've done a lot right in the past. That's why I designed this blog. In the past I dropped my trades intuitively, with a very good hit rate. My brother asked me one day why I was going down or up at a certain point. Although I could give an explanation, but this statement has not satisfied myself. So I started to describe my own trading style. Forex Factory is an excellent platform for this because there are like-minded people from all over the world to talk to.

Explaining how something works is a great way to get on with it. This is also a reason why I prefer a traceable loss rather than an unexplainable profit. Of course you should not lose permanently. The background is quite simple if I can not explain why I made a profit at the moment, I'm not able to repeat that. And if I can not repeat certain things, my future results are purely coincidental. And that is no basis for successful trading. Of course, trading is random and arbitrary, yet there are certain situations where a trader has a certain idea that actually works. What one can explain to oneself remains easier in the long-term memory.



I would like to describe it as follows: Imagine you are not musical and look at a sheet of music. The notes will seem like hieroglyphics to them and they will not recognize a song from it. However, as you train and practice, they will one day hear the song in their head. It's the same with the course. In the beginning, it's just an arbitrary ups and downs over time, you realize what's happening in the market right now. By that I do not mean patterns like a double top or a doji because these patterns have no relevance to me. The point is to interpret the individual notes or candles and draw their conclusions from them. Since a single candle has no significance for me, it's about the overall picture.

If you look at any chart you will see that there are many resistance lines and support zones within the chart. Each of these zones has a certain strength. We now have two challenges to master. First, to identify these invisible zones and, second, to see how strong each zone is. This can then make easy trading decisions.

If you are a professional and realize that a certain resistance zone is very strong, you can use this information to make a longer trade with a very interesting risk-to-reward ratio. This means they would only be able to enter the trades that are interesting. This procedure is incredibly difficult and requires many years of training. Unfortunately, because each candle formation is different, there are no indicators that show us exact resistance zones.

That's exactly why I achieved my breakthrough with supply and demand. It's easy to say, buy when the price is down and sell when the price is up. However, most have determined that this is not a real down and no real top there.

The process is always the same in principle. When demand outweighs supply, prices rise. When supply outweighs demand, prices fall. When supply and demand are balanced, equilibrium is created. However, one can draw interesting conclusions from exactly these movements. And that is exactly the goal. To recognize this, you need time and a lot of time. This can be trained by opening the chart and paying attention only to the course of the candles. We have already noticed that indicators are trailing behind the candles. That means an indicator reacts slower than the candle itself. That's why the candle is the fastest indicator on the chart. That's why you should pay the most attention to the candles. Of course, I also work with so-called auxiliary indicators that help me translate the movements of the candles. However, I would never enter a trade based on the indicators. The auxiliary indicators that I work with are in principle a project that is constantly being changed and optimized. To get back to the sheet music, these indicators help me to translate certain notes that I do not immediately recognize.

My biggest goal as a trader was to be independent. What good is an EA or a Copytrader if I do not understand how market works. I do not mean to say that my view is the right one, but I have long since achieved my goal of independence and that is a crucial point for me. If I rely on an EA or Copytrader, what happens if these two factors fail? Then I would have to look for something new, but if that works so well is the question. Since I prefer to rely on what I have learned. Nobody can take what you once learned.

Many who start in this industry dream of big and fast wealth. Of course, there are dealers who have managed to get rich quickly but there is also almost every week in the lottery a millionaire. If you want to get rich fast in the forex market, you have to work with very high risks. You can be lucky twenty times in a row, but the twenty-first time makes you lose everything again. So it's nonsense to dream of driving Ferrari tomorrow but much more important to live from the stock market. Whoever manages to do this over many years is a professional and successful dealer. Of course, the capital build-up in wavy lines, is important that the lines run upwards. And that is much more difficult today than it was many years ago.

Another challenge as a beginner is the stock market news. I used to see it on my screen earlier and try to act accordingly. But one day I had the insight. Not the news affects the stock market but the stock market influences the news. Take a look at what arguments are used on television in the evening to explain why a given currency has fallen or fallen. This statement is a pure speculation, because you would have to ask several million traders why they have traded up or down. And believe me, each of these dealers will have a different opinion. No matter what news appears in the media, it is always crucial how the individual trader reacts to it. Bad news should actually always lead to falling prices on a stock, and that's just not the case. That's why I do not care about news.

Let's get to the last point that will trap traders in a trap. It's about the opinion of the supposedly professional traders. The following situation: You prepare for the day, they expect strong rising prices. After the London Stock Exchange opens, the course makes strange leaps that they can not understand. You go into a chat that deals exactly with this currency pair. Many traders discuss the future course of the currency pair. You see great pictures and hear comprehensible arguments. The price of their currency pair is just going up, as you read of a supposed bull trap. Many merchants in the chat say the same. Actually, they just wanted to go up but the arguments of the other dealers unsettle them. It all sounded logical what the long-standing successful dealers have written. You will not enter the bargain and 1 hour later you realize that it was a mistake. Why do not you trust yourself?

Let's look at the following situation.



They see a chart of the EURUSD in the M 30 from November 5, 2014 to November 18, 2014. There are two traders who make two different statements at the point shown. The first trad claims that the price continues to fall the other one claims that the price continues to rise. The result: Both traders are right and both traders earn $ 500 on their trades. How can this work?



Now let's look at the result. Trader A has entered into a long-term trade over 129 hours. During this time he has reached 150 pip and earned $ 500 with 0.3 contracts. Trader B has entered short-term trading of 12 hours and has earned 50 pip and $ 500 with one contact. Both traders were right but entered the market at different times. Since each trader takes a different approach and works with other systems, their opinion should not be relevant to them. Not because the retailers have no idea but because you do not know the exact backgrounds. Especially interesting for me are the recommendations like:

Short 1.23456, SL 50 Pip, TP open

How does he know that exactly, has a glass ball where you can look in or a lucky fairy whispering him when the course goes down. You realize, it's best to just rely on yourself. By this I mean also, that you should not believe me, the most trustworthy person is yourself. You should start trusting yourself if you do not have enough experiences for that , you must start to gain experience. If you now open an M1, it will take an awfully long time to reach a resistance line that you have drawn. Here's a little trick. When you start trading in the morning, create a 5 second chart in parallel and build the Bionic Chart there. Refrain from additional indicators. Now let the chart run for about 30 minutes and start drawing resistance lines as in my next video.



Since making a candle takes only 5 seconds, you can learn 20 times faster with this type than in the 1 minute chart. You will also quickly realize that you are often wrong. Just when one believes that it goes further up or down happens exactly the opposite. After gaining some experience in this area, you can now run the 5 second chart in your demo account. Now begin to trade. Decide on a contract number and please do not change it. At the end of the day, export your account history from MT 4 to Excel. Now sort all winners and losers. Then they know the average loss or gain of a trade. The goal is to limit the losses and increase the profits. Of course, there are many more important calculations that you have to do but I want to keep it relatively simple.

It is crucial that they can recognize daily successes and improvements with this approach. Try to keep it as simple as possible in the beginning, it could still be complicated later. I hope to have given you some help and I wish you a successful trading day.

best regards

Hello dear traders,



As already suspected and written, the price of EURUSD has once again run into the lower blue zone. However, I had guessed that he was running a bit below the 1.13006 level, but he has already shot a pip over it. The green bottom zone is a very strong demand market, so it is not to me expected that the course comes under this green zone. At point B, the price has penetrated this strong demand zone for the first time and has been turned down sharply. However, he did not make it through the strong zone E. There, the course was rejected and has now run for the second time in this strong demand zone at point C. However, one can see how strong this demand zone is.

Now the question arises how strong the price goes up. The first hurdle is the zone D. Then it is crucial if he manages to break through the zone E. Then there is a resistance in the zone F to then continue the further upward trend. This strong uptrend today is a pullback for me, as it has gone very high. The key is that we now see a sustained upward trend to continue towards 1.28.

With the Bionic Trend Strength Indicator you can quickly identify potential pullbacks. For me, today's reaction was not unusual now as I expected this resistance zone anyway. The decisive factor, however, is that we now get a sustained upward trend, otherwise further downward movements would be possible. Then the price could come below 1.13 and then continue the uptrend. Whether this happens in the same way, we will see on the basis of the next courses.

I wish you a successful trading day

best regards

Yeah i believe it takes very long time to be a profitable trader, actually that's not the problem for me, from the beginning i know it will takes huge effort and time to be success in forex. But the main problem that i am facing is finding the right way, the true mentor, true understanding. It takes not only time but also luck.
Just like this, i can know you and learn from you is what i call luck and of course it takes time till i can know this thread.
i have experience with fake guru, and i waste almost 2 years learning from this guru. I always believe with what he said that it only takes time until i succeed with his method. But finally i realized that it wasn't true and i decided to leave it.

Not only that, i have learn from many system in this forum, but most of them is not suitable for me or maybe the system itself is not profitable...
It's hard to find a true mentor, who really want to help you and nothing hid behind.
I think you understand that condition.

I have been studying your teaching and now i am on page 10. So far, i am very interested, that's why i continue reading. If i can read till your last page then it must be valuable lesson and hope it will really help me in my journey to success.
Thank you for your generosity and help. And i hope you continue posting valuable lesson here.

[quote=phoenix777;11648882]{quote} Yeah i believe it takes very long time to be a profitable trader,

Hello phoenix777,

Thank you for the nice compliment, but I do not do this unselfish. In this blog, I try to explain myself why I'm so often right when I enter a trade. Making intuition understandable is a real challenge. In that sense, this is also a help for me. But every day I get a little closer to the secret and that is another step towards success for all who follow me. When I learned to play the guitar everyone wondered why I never needed a tuning fork to tune my instrument. I could tune the guitar correctly without help. While trading, I have also relied on my feeling and curiously enough I have been lying above average.

Traden has a lot in common with handball or football. If you want to pre-emulate an opponent you have to deceive him. The opponent must believe that you want to pass the right but you play past him on the left and get away with it. Take a look at the EURUSD today. Many traders thought it was going down and it went up 120 pip. The more traders a big player takes up or down, the worse it gets through. Because the smaller dealers get out sometime and that slows down the price. That's why you have to think like the big players.

I often see the rising price approaching a resistance zone. The big player suggests to the traders that we are in a strong uptrend and heading straight up. The big player is now waiting for the dealers to make as many purchase orders as possible. In the process, so many sales orders are submitted by the big player that the price does not rise so much. Then the price jumps up and triggers a big sell limit order of the big player. The price goes down massively and stops most traders. Now many traders go down, but the price is pushed up and many traders stopped again. Then it really starts. The course is going down massively. The fewest dealers have yet dared to enter. The big player is satisfied and has reached its price target. The crazy thing about trading is that what you see is not the reality, so 90% of traders lose their money. If you swapped the sales button and buy button in MT4, that would change abruptly. If you hit the sell button because you think the price is falling, the MT4 would actually make a buy order. But even that would not work, because we know at some point that when we press the buy button actually a sell order is given up.

We work in a phoney world, what we believe and see is not a reality. And that's the big challenge. The auxiliary indicators that I am currently developing serve only the purpose of finding the invisible resistance lines and measuring their strength. But this will be a multi-year project. As a small trader, we can not influence the market, so we have to get carried away by the big players. For that we have to know what they are doing and we must not attract attention. When you go up or down with the big player, it is the least noticeable. You have to keep an eye on the courses and know exactly what's going on. Sometimes I am wrong, but in most cases I am right. If I succeed in realizing some of my ideas, that could be quite interesting. But until then, a lot of time will pass and if I succeed, you have to look very critically.

In principle, you do not need a coach or mentor, every trader has similar skills and strengths. Everyone cooks with water here, the difference is only in the amount of water. The forex market is a big casino, it always wins the bank and that's mostly the brokers and the big players. So you have to try to think like brokers and big players. And that is a real challenge.

Have a nice evening.

best regards

Bionics

Thanks for the update. Happy to say I took the trade just prior to yesterday's NY Close.

For me there were three things that I liked (confluence):
1. price was in a good demand zone from which there was a 500+ pip reversal in August, so I was watching for anything that would justify a buy trade
2. price was at a BRN of 1.13, which by itself was not enough to trigger a trade, but again I was watching for any news or price action that would justify a buy trade.
3. the positive BREXIT news stories were starting to hit Forexlive, but given it was end of day there was very little market reaction to it, so my thinking was to enter a trade and see where the market goes after it opens, especially after the Japan open, using a fairly tight stop loss below the demand zone.

Hope that helps.

[quote=pakeha;11649339]Bionics Thanks for the update. Happy to say I took the trade just prior to yesterday's NY Close

Hello pakeha,

Thank you very much for the information and I am very pleased that the auxiliary indicators support you positively. Tomorrow I will try to interpret the figures of the trend strength indicator exactly, so that it could be easier again. Have a nice evening.

best regards

Currently i'm on page 23. Something interesting is i know one trader which i think successful whose trading method using the same concept with you.

He doesn't use any indicator, and his chart is clean, what he does is finding the Support and Resistance then draw a rectangle shape (what he calls Structure) and from there he kind of predict where the price will move based on the chart pattern and price action

All i know is he quite successful with that method, what i want to say is maybe your method is more accurate in finding the Support and Resistance line. Because he only depends on chart pattern and price action, on the other side we know chart pattern is not quite accurate because of data feeds and time of every broker is different.

He uses higher time frame, which i think makes chart pattern and price action more reliable and safer than using lower time frame.

But, still if we can find the accurate Supply, Demand and Balance then it will give us higher win rate and High Risk Reward Ratio as you showed here. And it will be my goal by learning here in your blog. I believe every information that i need is available here. As you said, it only takes time and perseverance.

So no excuse, i'll take the chance.

[quote=phoenix777;11651111]Currently i'm on page 23. Something interesting is i know one trader which i think successful whose trading method using the same concept with you.

Hello phoenix777,

Supply and demand are among the most successful trading strategies, but the learning effort is also incredibly high. I am glad that my method is more accurate. Of course, I also work in higher time frames and work strategically down to determine the zones. I trade my trade only in the M5, since my stops are usually at 4 pip. By identifying resistance in the higher timeframes, I can estimate the trend length approximately and thus filter out trades that have at least a risk-reward ratio of 1: 5. When I place the buy order, the price must be in a strong demand zone. If I discover an additional demand zone on the way up that may be stronger than the overlying supply zone, I put my stop on the road and just let the course run. With that I manage to raise the risk-reward ratio often over 1:10. However, it has often happened that the course has run to the stop. That did not matter because I could not lose anymore. I usually put the TP slightly below the resistance.

If, after many years, you master the demand and supply strategy, you will also be able to make over 10 lots for a trade. But until then you train in the demo account or with micro / mini lots in the real money account. There are no indicators on my main screen, except for my drawn zones. I only work with auxiliary indicators, which translate certain information of the price course. Indicators are always slower than the candles, so I would never enter into a trade decision based on indicators. As a beginner, of course, I did that with a catastrophic record.

Take your time, nobody demands that tomorrow you are the absolute professional. You just can not put yourself under pressure. Sustainability is a decisive factor here. You do not get to the finish so fast, but did not go bust three times on the way there. In this blog you will find different and interesting information. It's like a buffet, take what you like and leave the other one behind. The key is that they are satisfied and will help you. Most importantly, once you have mastered this approach, you are completely independently by news, advice from others, standard indicators, and potential coaches which often cost more than they bring.

Best regards

Update Bionic Dashboard 5 sec Chart



Hello dear traders,

Today you get the over worked Bionic Dashboard 5 sec Chart. Installing this dashboard is a bit more complicated as it basically consists of two different MT4 units that are simply placed side by side. In addition to the Bionic Chart and the Bionic Trend Strength Indicator, the revised Denstity Histogram, the Zwinner Trend Indicator and the Bionic Oscilator have now been added. To get a first impression, here is a short video. You can see how a strong downward trend comes in a demand market and a short turnaround arises.



The advantage of this chart view is that the supply market and demand market have been separated. This allows trend reversals to be identified more clearly and more quickly. The prerequisite for this chart to work is the Flexichart Indicator. This allows you to create seconds charts. This indicator generates an individual seconds chart from the ticks of your broker. The better the tick data the more accurate is your chart. First, you need two new MT 4 units. You can usually download them from your broker. Now install the Flexichart indicator in your two new MT4 units.

As you can see in the post 714.

https://www.forexfactory.com/showthr...3#post11555813




Next, in both MT4 units, load the 5 downloaded indicators into the folder: Indicators. Then load the two folders "5 Seconds Bear" and "5 Seconds Bull" into the MT4 folder: Profiles. Close the MT4 and reopen it.



After the MT4 is opened go to file and under profiles you can see the two files. Open "5 seconds Bull". The chart image should now open. Click on the button "EURUSD, M8 (offline)", then the right chart appears. You may not delete the second chart "EURUSD, M1", otherwise you will no longer receive tick data. This window has to run in the background. Of course, then only starts the candle, it takes a while (about 20 minutes) until everything is displayed correctly. Then open the second MT4 unit and upload the "5 second Bear". Now they just have to align both charts on your screen and you're ready to go. Please note that this is a selection of different dashboards. You have to personally find out for yourself if you can and want to work with it. This type of chart is especially interesting when the volatility is particularly low or particularly high.

Make your own experience and I am looking forward to your feedback.

best regards

Hello dear traders,

Enclosed a video from Post 751

Interesting extension of the new Bionic dashboard

https://www.forexfactory.com/showthr...4#post11642664



I wish you a nice evening

best regards

Hi Bionics,

I have been a lurker and am very interested in what you are proposing. Supply and demand identification is the key to understanding reversals and understanding when the SMART MONEY guys are accumulating and distributing. I am using a VSA system that works well, but it would be nice to have another confirmation on the reversals. You had my attention very early on with your zigzag indicators with average pips by bar. They alone have lots of information.

I'm going back and re-reading the thread to make sure I understand the nuances of what you are proposing.

Thanks so much for your hard work and endeavors.

King

[quote=KingHigh;11654135]Hi Bionics, I have been a lurker and am very interested in what you are proposing.

Hello KingHigh,

I am very happy that you like the procedure and welcome you to our blog. Precisely because you have been working in this field for a long time like me. And someone who has been active in this market for over 10 years, must inevitably do a lot right. There are some approaches to identify trend reversals. I have already introduced some of them in this blog. (Equilibrium and supply and demand zones) Intuitively, I often know which of these identifications is the right one, that I recognize from the past price history. I try to explain this intuition understandable for everyone, but this is still a big challenge. The background is simple, there are no regularly recurring patterns or forms that you can interpret and implement. A demand market will run up in wavy lines until a resistance zone is so strong that the price is rejected. Identifying the resistance zones is not the challenge but the strength of this resistance zone. From this one can estimate the approximate length of the pullbacks or downtrends. This is an interesting aspect especially with regard to the risk-to-profit ratio. It will be particularly exciting if you want to take in a strong upward or downward trend, additionally the pullbacks. These pullbacks are clean and fast and there is little competition. In the next few days I will have completed and uploaded my project 3 (Dashboard). The next project on supply and demand is already on the way and will give us answers to these questions.

best regards